Otis Worldwide to Acquire Majority Stake in WeMaintain

MT Newswires Live

04/13

Otis Worldwide (OTIS) said Monday that it agreed to acquire a majority stake in WeMaintain, an elevator and escalator service company.

The company did not disclose the financial terms or the size of the WeMaintain stake it is acquiring.

Otis said WeMaintain will continue to operate as a separate entity.

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